Following through the international bidding process, PA Export a.s. and Albario Engineering (Private) Limited were awarded Engineering & Procurement ("E&P") and Construction ("C") contracts respectively in December 2005. In early September 09, due to reasons including insolvency proceedings initiated against PA Export a.s. in Czech Court, OPCOL terminated the E&P Contract. In order to commission the plant, OPCOL has engaged the sub-contractors who were originally working on the plant, namely, General Electric, Siemens, Skoda Power.

The IA was signed with GOP in November 2006 for a term of 30 years starting with Commercial Operations Date ("COD"). The main intent of the IA is to encourage private sector investment in energy sector and to provide assurances of the GOP support to the sponsors and lenders of the project.

The PPA was signed with National Transmission and Distribution Company ("NTDC") for a term of 30 years in November 2006. Under the PPA, OPCOL is obliged to sell power generated by it only to NTDC. PPA specifies tariff that is applicable for a term of 30 years.

The company entered in to GSA with Sui Northern Gas Pipelines Ltd. ("SNGPL") in October 2006. Under the GSA, SNGPL has guaranteed the delivery of 38 MMCFD gas for the project which is equal to operating the plant as base load.

A fuel supply agreement in November 2006 was made with Shell Pakistan for supply of HSD which is to be used as a back up fuel.

OPCOL has entered in to Operations, Maintenance & Long Term Services Agreement ("OMS") with General Electric (GE) for its Balloki combined cycle power plant. The term of the OMS is approximately 18 years. For performing services the facility is segregated in to covered units and balance of plant.